Town of Avon Awards Construction Contract to Grand Peaks Llc (March 2026)

The Avon Town Council approved Grand Peaks LLC's Major Development Plan and Development Bonus for The Summit (Lot B, Avon Center), contingent upon a future Development Agreement establishing up to $10 million in Town funding for public benefits. The agreement covers public plazas, housing commitments, and collaborative public amenities.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $10,000,000 in principal (Town funding commitment), plus construction and in-kind commitments

Contract type

CONSTRUCTION

Contract term

To be determined upon execution of the Development Agreement; estimated dates not provided

Renewal

Development Agreement is pending; specific renewal or extension options to be determined in final executed documents. Approval includes requirement that further agreements with URA and DDA may be executed; date of agreement execution not yet set.

Document type

Agenda

Source document

Avon Town Council Meeting Agenda March 10 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Town of Avon?

Grand Peaks Llc was awarded this construction contract by Town of Avon, as recorded on March 9, 2026. The contract value is Not to exceed $10,000,000 in principal (Town funding commitment), plus construction and in-kind commitments.

How much is the Grand Peaks Llc contract with Town of Avon worth?

The Grand Peaks Llc contract with Town of Avon is valued at Not to exceed $10,000,000 in principal (Town funding commitment), plus construction and in-kind commitments, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Avon Town Council Meeting Agenda March 10 2026 (Agenda), dated March 9, 2026 from Town of Avon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Grand Peaks Llc hold?

Grand Peaks Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Grand Peaks Llc's profile

What is Town of Avon currently buying?

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